Corporate Control: Law and Finance

The course analyses policy and legal issues revolving around corporate control, taking into account the latest developments (technological and other). It includes a theoretical analysis of the issues as well as illustrations of solutions found in major jurisdictions.

The course first looks into the relevance of ownership structures and control in public corporations, the empirical evidence on the various forms of control and the implications for corporate governance and societal welfare of having a prevalence of listed companies with dispersed ownership as opposed to companies with controlling shareholders. It then examines the various actions and transactions that can be used to replace corporate controllers, with or without their consent.